TCS rapidly updates up-to-date information on a daily basis by closely monitoring the change in institutions in order to maintain information freshness.

TCS obtained a software patent for its unprecedented uniqueness and availability.

2. The Advantages of TCS

TCS can visualize a real-time simulation covering all aspects and types of items.
- TCS provides quite useful, comprehensive information when you reach out to quick research or determination.

TCS digitizes information related to customs duty, internal taxes, logistics, and other various costs incurred in the process of trade, covering all types of items.
- TCS provides real-time information concerning trade cost and cost per unit of items concerned, ensuring a great efficiency for feasibility research before you commit to relevant trade.

TCS provides easily accessible information concerning requirements, regulations, procedures and systems which are different from country to country for all items concerned.
- TCS is very effective especially when you try to figure out non-tariff barriers of your own country, partners or third power, and to research trade process by item, and to get the information on expenses and the period for the preparation and implementation of trade concerned.

TCS proposes criteria for a reasonable decision to maximize your benefits.
- TCS provides the best way to determine transaction conditions meeting your best benefits, and main handler of the items with complicated process of transaction, and trading partners which may offer the most favorable tariff rates and a simpler procedure.

TCS enables you to manage trade risk in advance.
- TCS may play an important role for identifying and controlling events that have the potential to cause significant problems when you're engaged in unfamiliar countries and items.

TCS can save your efforts, costs and time you have wasted to gain information until now.
- In international trade, so much of cost and time are spent to get information you want due to geographic, institutional, and language differences. However, TCS may minimize unnecessary waste of time and energy because it may simply display comprehensive quality information within a few seconds.

TCS enables you to have access to real-time information by updating changing systems rapidly.
- TCS provides fresh information by reflecting changes in international agreements as well as systems, laws and regulations, and so on. On the other hand, experts in each field update the latest information in near real-time by closely monitoring changes in systems and trade environment on a country by country basis.

TCS provides advance information on the possibility and procedures of reduction and drawback of customs duty.
- Reduction of customs duty, etc. from the perspective of importers, and various drawbacks from the perspective of exporters are the areas that all efforts you made are rewarded. TCS can improve your company's cost competitiveness and contribute to protect your precious rights, by simply letting you know the feasibility and procedures of trade related beforehand.

TCS offers in-depth and precise information by attaching a detailed manual to each point.
- TCS guides you through foreign countries' systems as well as domestic systems by attaching additional manuals with almost all information TCS provides(approximately 5000 manuals, 2 ~ 20 page volume). Each manual contains full range of information encompassing legal base, procedures for items concerned, tips for regulatory breakthrough, preparations required, period and cost, other necessary notes and so on.

TCS provides a way to break through the language barriers.
- English is a key language to make an entry into international market. But, trading with someone past a language barrier is a tricky task if you're not familiar with English. To make that job easier for you, TCS provides 5 languages service, which will be expanded to other various languages for the foreseeable future. Furthermore, all articles are in the form of text, not in images to help you easily access to Google or other automatic translation service, including multiple internet browsers.

TCS provides custom-made information, not fairly redundant information listed.
- International trade is closely interconnected with a myriad of systems, laws and regulations. Even though TCS database has immense information, based on user-oriented spirit, it just sorts through database to provide data which completely meet your needs, basically precluding unnecessary information to prevent confusions you may have.

TCS has doubled the convenience by being organically combined with other features.
- TCS basically doubles its convenience and utilization by incorporating with other features in the same site such as AAA, LAS, EMP, etc.

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However, unfortunately, TCS doesn't yet contain all systems and information from all countries around the world. As the first phase in project, it covers systems and information regarding 4 countries including Korea, China, Japan and Taiwan, which are significantly important countries in the international trade community, and also it'll cover more countries in the near future.
At this time, TCS will fully demonstrate its effectiveness in trades between above four countries or trades between other countries and above four countries.

3. Comparison of existing methods and TCS

Collection of information on Trading Partner

Existing

TCS

Collecting info through visits, rumors, and acquaintances

The use of EMP solutions

Take a long time

Quick

Expensive

Economical

Selection of items

Existing

TCS

Collecting info through visits, rumors, and acquaintances

Possible to draw direct result in real time

Take a long time

Quick

Expensive

Economical

Estimation of Costs

Existing

TCS

Difficult to estimate before implementation

Possible to estimate costs in real time

Take a long time

Quick

Expensive

Economical

Checking and Implementation of Trade Regulations and Requirements

Existing

TCS

Difficult to check and rely on others

Provide comprehensive custom-made info in real time

Take a long time

Quick

Expensive

Economical

Process of Contract

Existing

TCS

High possibility to cause misunderstanding due to uncertain information

Easy to adjust difference in opinions by providing objective data

Take a long time

Quick

Expensive

Economical

Logistics Decision

Existing

TCS

Uncertainty of means and cost

Providing objective basis for comparison

Take a long time

Quick

Expensive

Economical

Customs Trouble

Existing

TCS

High possibility of trouble due to the lack information and preparation

Possible to prevent the risk through Verification First Then Action Later

Take a long time

Quick

Expensive

Economical

Understanding of Foreign Institutions and Regulations

Existing

TCS

Dependent on uncertain information

Direct acquisition of digital data

Take a long time

Quick

Expensive

Economical

4. Who are our users?

TCS is widely available for any people who're engaged in trade or need information related to trade.

Foreign trader

Prospective foreign trader

The person who needs trade negotiations

The person who explores new customers

The person who searches for new trading items

Import and export customs agents

International forwarders

Trade consultants

Trade research institutes

Trade educational institutions and trade learners

Trade-related service providers

Trade-related program providers

Financial Institutions

Other trade-related jobs

5. Information guide(Function list of TCS)

Category 1

Category 2

Reflection

Item Information

Description

OK

English description

OK

HS Code

OK

HS Code of other countries

OK

Quantity Unit

OK

HS Notes

OK

Commodity Classification Case

OK

Tax rate & Tax amount

Tariff List - Guide to competitive tariffs

OK

Automatic selection of applied tariff

OK

Guide to priority order of tariff application

OK

Automatic calculation of applied tariff

OK

Automatic calculation of ad valorem duty

OK

Automatic calculation of specific duty

OK

Automatic calculation of compound duty

OK

Reflection of preferential tariffs

OK

Reflection of unique tariff by country

OK

Automatic calculation of quota tariff

OK

Reflection of conventional tariffs, such as FTA, EPA, CEPA

OK

Guide to the necessity of a certificate of origin(C/O)

OK

Effects of C/O unfurnished - simulation

OK

Export tariff

OK

Automatic calculation of export tariff amount

OK

Internal tax rates

OK

Automatic calculation of internal taxes

OK

Reflection of ad valorem duty & specific duty

OK

Linkage of tariff calculation and Incoterms

OK

Cost Information

Distribution of costs by subject

OK

Distribution of the cost by place

OK

Distribution of the cost by Incoterms

OK

Result by currency

OK

Checking the subject of cost imputation

OK

Price of departure country

OK

International freight

OK

Insurance

OK

Other charges

OK

THC

OK

WHARFAGE

OK

CFS CHARGE

OK

PORT CHARGE

OK

DOCUMENT FEE

OK

HANDLING CHARGE

OK

Inland Freight

OK

Clearance fees

OK

Total customs duty

OK

Total internal taxes

OK

Buyer costs

OK

Seller costs

OK

Total logistics(by buyer and seller)

OK

Total taxes(by buyer and seller)

OK

Cost output by good unit

OK

Lead-Time

Time of ocean transport

OK

Time of air transport

OK

Drawback Info

Coverage of drawback

OK

Drawback requirements

OK

Drawback rate

OK

Drawback methods

OK

Raw materials subject to drawback

OK

Duty Reduction & Exemption

Conditional duty reduction

OK

Unconditional duty reduction

OK

Duty reduction by good

OK

Personnel duty reduction

OK

Guide to standards for duty reduction

OK

Guide to conditions for duty reduction

OK

Calculation of duty amount reduced - Mini-Simulation

OK

Import&export requirements/regulations (Korea)

Export and Import Announcement(Providing detailed regulations and each manual)

OK

Consolidated Public Notice (Providing detailed regulations and each manual)